Employee Benefits

AUGUST 28, 2024

Almost two-thirds (62%) started planning their pension income in the final year before they retired and 72% consider financial preparation to be very important for a happy retirement. It’s important for the financial services industry to help people understand pensions and encourage planning for retirement at all ages.

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Money Talk

DECEMBER 22, 2021

For example, the Consumer Price Index (CPI) measures changes paid by consumers for frequently-purchased retail goods and services. Pension COLAs - Pension benefits for some retirees are also indexed for inflation. An example is pensions for federal government workers and military retirees and disabled veterans.

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Employee Benefits

MARCH 15, 2024

Retailer Primark is to increase hourly pay for 27,000 retail employees so they benefit from an average 9.1% From 1 April, the organisation will increase its average hourly pay rates for all retail assistants across England, Scotland and Wales from £11 to £12, and from £11.51 for those in London.

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Professionals Alternative

SEPTEMBER 24, 2024

For example, having a popular retail establishment on the ground floor of a residential building can attract more potential tenants and increase rental demand. These ambitious developments combine luxury residential units, high-end retail spaces, state-of-the-art office buildings, and world-class entertainment facilities.

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Employee Benefits

JANUARY 25, 2023

The benefits on offer at Wave: Pension A master trust pension scheme for all employees. Age limits are 16 to state pension age. Age limits are 16 to state pension age. Voluntary benefits scheme Retail and leisure discount scheme, available to all employees. Two years paid at half salary at time of acceptance.

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Employee Benefits

NOVEMBER 30, 2023

Ingka Group, which owns retailer Ikea, has announced that it will pay out a €311 million employee bonus based on good results this financial year, where revenue grew by 5.4%. The bonus total varies each year and is based on the performance of the business unit, retail country and market area. loyalty pension programme since 2014.

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Employee Benefits

FEBRUARY 22, 2024

Eurochange’s employees across its head office and 200 UK branches can now access a range of personalised resources, provided by retail industry charity Retail Trust, to support their wellbeing. James Bullock, head of people and culture at Eurochange, added: “We’re incredibly proud of our new partnership with the Retail Trust.

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Employee Benefits

FEBRUARY 27, 2024

Credit: patat / Shutterstock.com Retailer Marks and Spencer has announced pay increases and enhancements to its maternity, paternity and adoption policies. Stuart Machin, chief executive of Marks and Spencer, said: “Our vision is to be the most trusted retailer and that starts with being the most trusted employer. rise from last year.

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Employee Benefits

AUGUST 12, 2024

The retailer, which operates almost 2,400 food stores, more than 800 funeral homes and provides products to more than 6,000 other stores, including Nisa Retail, employs 56,000 employees.

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Employee Benefits

NOVEMBER 20, 2023

Examples of these are our Tusker car initiative, which now has 250 users, and presenting available retail discounts just before Christmas as a timely reminder. The TRS outlines what employee benefits have been on offer for the past 12 months. Offering choice is key,” he concludes.

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Employee Benefits

JUNE 3, 2024

The organisation also offers its employees a pension scheme, a discretionary bonus scheme, flexible working, free car parking, two paid days of volunteering leave per year, discounts at airport retailers and food outlets, and access to its online benefits portal EAL Rewards for discounts and savings at high street retailers, supermarkets, attractions, (..)

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Employee Benefits

OCTOBER 30, 2023

Credit: Ben Molyneux / Shutterstock.com Kitchenware and homeware retailer Lakeland has implemented new wellbeing support to protect its more than 1,300 members of staff.

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Employee Benefits

NOVEMBER 6, 2023

Travel-related benefits, pensions and carbon-offsetting schemes can all help employees make a difference to their carbon footprint, and that of their employer. Substantial discounts are available on both a new bicycle and cycling equipment, with a large number of retailers participating in the scheme,” adds Dargie.

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Employee Benefits

MAY 22, 2024

We’re doing a lot for our student employees in terms of cost-of-living benefits, including opening up [the] Isa for pensions contributions for them. A University of Lincoln spokesperson said: “We are proud of the financial benefits we’ve been offering, they’ve been a real key focus for us.

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Employee Benefits

NOVEMBER 28, 2023

The benefits offered by Northwood Hygiene Products include: Pension Two group personal pension (GPP) schemes, with employee contribution rates of either 4% or 5%, and employer contribution of 5% or 4%. Pay strategy Early access to pay scheme Voluntary benefits Retail and leisure voucher discount scheme. Online GP service.

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Employee Benefits

OCTOBER 11, 2023

They will also be eligible for compassionate and parental leave that includes providing a lump sum to cover time off if they welcome a new family member or lose a loved one, and discounts on food and groceries, fuel, technology and utilities at well-known retailers.

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Employee Benefits

FEBRUARY 12, 2024

From April 2024, 16,500 employees at the home improvement retailer will get an extra 90p per hour, worth over £1,700 more a year for a full-time employee. This increase means our minimum hourly rate has increased by over 27% in the last 3 years and is currently the highest of any major UK retailer. “We

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Employee Benefits

AUGUST 21, 2024

If implemented, this will represent a nearly 40% increase for those between the ages of 18 and 20, and severely impact the hospitality and retail sectors, where a large portion of the workforce is aged under 21. In return, the employer pays in each employee’s total pension contributions.

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Employee Benefits

FEBRUARY 19, 2024

Benefits on offer at FitFlop in the UK: Pension Group personal pension (GPP) plan offered via salary sacrifice arrangement for all employees, with 4.5% contributions from both employee and employer.

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Employee Benefits

MARCH 5, 2024

Credit: bennphoto / Shutterstock.com Retailer Currys is increasing pay for its approximately 10,000 hourly-paid employees as part of an investment into their pay. The retailer has additionally increased minimum pay rates , which will rise to £11.50 Its store-based workers will now earn an average of £12.33 per hour in London.

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Employee Benefits

JUNE 12, 2024

The benefits on offer at Aldermore Bank: Pension A group personal pension (GPP) plan with salary sacrifice arrangement for all employees. Other benefits include: Retail and leisure vouchers. Employee/employer contribution levels are 3%/6%, 4%/8% and 5%/10%. Bikes-for-work scheme for all employees.

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Employee Benefits

APRIL 3, 2023

Pension and group risk Trust-based defined contribution pension with 12% employer, 3% employee minimum contributions. Discounted retail vouchers. Additional voluntary contributions. Group income protection benefit that pays 75% up to state retirement age. Life assurance at 10-times salary. to 9% onto base pay increases.

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Employee Benefits

NOVEMBER 30, 2022

Benefits offered by Central Co-op: Pension and group risk. A group personal pension for all employees, with varying contribution levels. Retail discount scheme. Life assurance, funded by the employer. Healthcare and wellbeing. Health cash plan, funded by the employee. Employee assistance programme, employer paid. Free flu jab.

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Employee Benefits

FEBRUARY 27, 2023

The benefits offered by the Eden Hotel Collection: Pension Group personal pension for all employees, with a 5% employee and 3% employer contribution. Discount retail platform. Healthcare and wellbeing Health cash plan for all employees, employee-paid. Includes cash back for dentist and optician appointments, for example.

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Employee Benefits

OCTOBER 10, 2023

Credit: Sundry Photography / Shutterstock.com Online retailer Amazon has announced that it will increase its minimum salary for frontline operations employees as part of a £170 million investment as of 15 October. According to the retailer, the increases mean its minimum starting pay will have risen by 20% in two years, and 50% since 2018.

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Employee Benefits

JANUARY 25, 2023

At a glance Wave is a national water retailer with 323 members of staff. One of its core commitments is to the health, safety, security and wellbeing of its people, which shapes its wellbeing benefits and the approach it takes to pay and pensions. The average age of employee is 40 and the average length of service stands at 3.8

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Employee Benefits

OCTOBER 12, 2023

The scheme allows staff to apply for a flexi-voucher which can be used to buy a bike or cycling equipment from different retailers over the course of a year, without having to purchase everything at once.

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Employee Benefits

SEPTEMBER 27, 2023

The benefits offered by Nominet: Pensions A group personal pension (GPP) scheme for all employees. Voluntary benefits scheme Discounts across retailers, including travel, groceries and utilities. Healthcare and wellbeing Private medical insurance (PMI) for all employees, employer funded. Health screening.

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Employee Benefits

MARCH 15, 2024

FitFlop also offers its employees private medical and dental insurance, employee assistance programmes, a health cash plan, a pension scheme via a salary sacrifice arrangement, hybrid working, an employee recognition scheme, retail discounts, a home technology benefit, a bikes-for-work scheme and a give-as-you-earn scheme.

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Employee Benefits

FEBRUARY 15, 2024

Employee benefits that will be accessible through the framework include an online benefits platform, a bikes-for-work scheme, a green car scheme, a home technology and smartphone scheme, a childcare voucher scheme, pensions savings, pet and eldercare insurances, and a retail and leisure discount scheme.

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Employee Benefits

AUGUST 9, 2023

With national insurance (NI) savings for both the employer and employees, a pensions salary sacrifice arrangement can help employees maintain their pension contributions while putting some extra pounds into their pay packets each month, all at no additional cost,” he says. Multiple channels should be used,” she explains.

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Employee Benefits

JANUARY 2, 2024

This gives staff information on ways to save money and access to savings through retail gift cards and discount codes. The launch also includes a lifestyle saving scheme to support employees’ financial wellbeing. The post EXCLUSIVE: Accor Group launches new employee wellbeing benefit appeared first on Employee Benefits.

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Workplace Insight

MAY 16, 2024

Willmott Dixon also announced recently that it has won the job to build the £60m Greenheys development at Manchester Science Park for Bruntwood SciTech, a joint venture between Bruntwood, Legal & General and the Greater Manchester Pension Fund.

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Employee Benefits

APRIL 30, 2024

They say this is grossly unfair and to the detriment of Border Force as it throws away decades of combined experience in high-pressure roles.” The Home Office was contacted for comment prior to publication. The post Heathrow Airport Border Force officers strike over working conditions appeared first on Employee Benefits.

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Employee Benefits

FEBRUARY 20, 2024

Boots and the Pharmacists’ Defence Association (PDA) Union have announced that trainee pharmacists at the retailer will receive a pay increase from 1 April.

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Employee Benefits

APRIL 10, 2024

University students are an obvious fit for seasonal work in sectors such as retail, hospitality and events that need staff during the holidays. Being able to use a discount platform to get 5% off the weekly grocery shop is likely to resonate much more than building up a micro pension pot. A bit of creative thinking can help too.

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Employee Benefits

JANUARY 17, 2023

Discount vouchers are often available through voucher and discount websites and many workplaces offer employee discount schemes with major retailers. It is important that employees understand the importance of saving into their pension from early on. Don’t neglect your pension. Save on household bills and auto-renewals.

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